Bitcoin price fell 4.3%, and the market fell into panic.
In fact, many people are not truly in a bull market; they are just leveraged, buying at local highs.
One should stick to spot trading, taking advantage of market adjustments (red weeks) to buy in, and then maintain a relaxed mindset.
By the later stage of the market cycle, close to the peak, the feeling of decline will be completely different. At that time, no one will feel scared; instead, everyone will rush to enter the market.
Currently, many people have begun to feel uneasy about their positions and have even conducted or are about to conduct panic selling.
If you are still observing and planning to enter the market, you need to clarify your goals, mark your entry zone, and then watch if Bitcoin will pull back to the 8.9 - 8.7 range, which would provide an opportunity to lay out your favorite coins.
Remember, do not buy just because everything seems smooth after a green week.
The real timing for buying is after a red week, when you feel scared and hesitant to take action.
